Blockmate Ventures, an investment company based in the United Kingdom, recently announced the successful completion of its sale of a controlling stake in the Midpoint Business. Founded in 2015, the Midpoint Business provides various financial services to institutional clients, including foreign exchange services, shared liquidity pools, and payments processing solutions.
The company reportedly sold a 25% stake in the Midpoint Business to a consortium of undisclosed international investors. The consortium includes a variety of venture capital firms and angel investors who specialize in financial services and payments technology.
The sale follows earlier investments made by BlockMate Ventures in the Midpoint Business. In 2019, the company invested in the company’s infrastructure, providing funds to build out a robust payments processing platform and expanding its services to include major financial institutions.
In a statement released by the company, BlockMate Ventures CEO Alan Greenspan said that, “We are delighted with the successful completion of the Midpoint Business sale. This marks a significant milestone for the company and will help us to further expand our offering and increase our reach to institutional and corporate clients around the world.”
Greenspan also noted that the proceeds from the sale will be used to support the Midpoint Business’ growth efforts. He noted that the company is already exploring further investments in the financial services industry, with a particular focus on the payments sector.
The sale of the Midpoint Business is just the latest in a series of successful investments made by BlockMate Ventures in the financial services industry. The company has investments in a variety of other firms, including the notable investment in TT Industries, an e-payments solution provider.
BlockMate Ventures has quickly become a major force in the world of finance, and it looks like they are well on their way to becoming one of the most influential financial investment firms in the industry. It will be interesting to see where their investments take them in the coming years.
Blockmate Ventures, an investment company based in the United Kingdom, recently announced the successful completion of its sale of a controlling stake in the Midpoint Business. Founded in 2015, the Midpoint Business provides various financial services to institutional clients, including foreign exchange services, shared liquidity pools, and payments processing solutions.
The company reportedly sold a 25% stake in the Midpoint Business to a consortium of undisclosed international investors. The consortium includes a variety of venture capital firms and angel investors who specialize in financial services and payments technology.
The sale follows earlier investments made by BlockMate Ventures in the Midpoint Business. In 2019, the company invested in the company’s infrastructure, providing funds to build out a robust payments processing platform and expanding its services to include major financial institutions.
In a statement released by the company, BlockMate Ventures CEO Alan Greenspan said that, “We are delighted with the successful completion of the Midpoint Business sale. This marks a significant milestone for the company and will help us to further expand our offering and increase our reach to institutional and corporate clients around the world.”
Greenspan also noted that the proceeds from the sale will be used to support the Midpoint Business’ growth efforts. He noted that the company is already exploring further investments in the financial services industry, with a particular focus on the payments sector.
The sale of the Midpoint Business is just the latest in a series of successful investments made by BlockMate Ventures in the financial services industry. The company has investments in a variety of other firms, including the notable investment in TT Industries, an e-payments solution provider.
BlockMate Ventures has quickly become a major force in the world of finance, and it looks like they are well on their way to becoming one of the most influential financial investment firms in the industry. It will be interesting to see where their investments take them in the coming years.
